Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.019%

Price spread now: Lighter against GRVT−0.509%78s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.509% cheaper against GRVT than usual: you would sell low and buy high, −$51 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT EDGE_USDT_Perp	0.5987	0.0100	pay 0.0050% / 4h	29m 54s	$7K	$1.8M	10x
Short	Lighter EDGE	0.5957	0.0096	get 0.0012% / 1h	29m 54s	$55K	$8K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee LighterbpOrdersPrice spread, now −0.509%Rate

Funding earned: −$0.84
Price spread: −0.509% → 0.000%: −$50.94
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$60.78
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 3 min ago; Lighter: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GRVT live order book, 3 min ago	2.51 bp	58.5 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EDGE on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack EDGE_USDC_PERP	+0.0062%	1h	0.5969	−0.297%	$58K	$100K	3.3x	as long as short
Lighter EDGEshort	+0.0096%	1h	0.5957	−0.509%	$55K	$8K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5963	−0.401%	$7.1M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5970	−0.284%	$4.7M	$999K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5968	−0.320%	$193K	$131K	—	as long as short
GRVT EDGE_USDT_Perplong	+0.0100%	4h	0.5987	long leg	$7K	$1.8M	10x
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5990	+0.050%	$9K	$288K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5928	−0.985%	$4K	$612K	10x	as long as short
KuCoin EDGEUSDTM	+0.0160%	4h	0.5968	−0.317%	$2.1M	$2.2M	50x	as long as short
BloFin EDGE-USDT	+0.0615%	4h	0.5972	−0.251%	$645K	$116K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0616%	1h	0.5968	−0.319%	$27K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0618%	4h	0.5972	−0.251%	$1.2M	$915K	50x	as long as short
Aster EDGEUSDT	+0.0618%	4h	0.5978	−0.159%	$69K	$135K	5x	as long as short
Binance EDGEUSDT	+0.0619%	4h	0.5972	−0.251%	$10.1M	$10.1M	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0673%	4h	0.5970	−0.284%	$3K	—	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0706%	4h	0.5975	−0.200%	$3.7M	$5.9M	20x	as long as short
edgeX EDGEUSDC	+0.0722%	4h	0.5991	+0.066%	$14.3M	$3.5M	30x	as long as short